Based on the last 12 Balance of Trade events in United Kingdom, we expect NQ to trend downwards. Based on these past events there is a 75% chance of this. We expect NQ to trend downwards for 4 hours because the released value is > £2.8B. A price movement of 16,037 pips is expected.
Historical events that allowed us to draw this conclusion
11 Mar 09:30 |
10 Oct 08:30 |
09 Aug 08:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
